Equities analysts expect ACCO Brands Co. (NYSE:ACCO) to post $534.55 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for ACCO Brands’ earnings, with the lowest sales estimate coming in at $524.50 million and the highest estimate coming in at $541.00 million. ACCO Brands posted sales of $529.30 million in the same quarter last year, which suggests a positive year over year growth rate of 1%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 12th.
On average, analysts expect that ACCO Brands will report full year sales of $1.95 billion for the current financial year, with estimates ranging from $1.94 billion to $1.96 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.96 billion, with estimates ranging from $1.94 billion to $1.99 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow ACCO Brands.
ACCO Brands (NYSE:ACCO) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The company had revenue of $505.70 million during the quarter, compared to the consensus estimate of $517.63 million. ACCO Brands had a return on equity of 15.40% and a net margin of 5.05%. ACCO Brands’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share.
Shares of NYSE ACCO opened at $9.25 on Tuesday. ACCO Brands has a 52-week low of $6.07 and a 52-week high of $10.26. The firm has a market capitalization of $900.04 million, a price-to-earnings ratio of 7.93, a PEG ratio of 1.14 and a beta of 1.75. The stock has a 50 day moving average price of $9.40 and a 200 day moving average price of $8.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.96 and a current ratio of 1.62.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 2.81%. This is a boost from ACCO Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, November 27th. ACCO Brands’s dividend payout ratio is presently 22.81%.
In other news, Director Robert J. Keller sold 121,100 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $9.14, for a total value of $1,106,854.00. Following the completion of the sale, the director now owns 355,847 shares of the company’s stock, valued at approximately $3,252,441.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ACCO. North Star Investment Management Corp. purchased a new stake in shares of ACCO Brands during the 3rd quarter worth $30,000. Point72 Hong Kong Ltd boosted its position in ACCO Brands by 131.5% during the second quarter. Point72 Hong Kong Ltd now owns 9,289 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 5,276 shares in the last quarter. SWS Partners purchased a new position in ACCO Brands in the third quarter valued at about $118,000. SG Americas Securities LLC purchased a new position in ACCO Brands in the third quarter valued at about $128,000. Finally, Man Group plc bought a new position in ACCO Brands in the second quarter worth about $141,000. 88.77% of the stock is owned by hedge funds and other institutional investors.
ACCO Brands Company Profile
ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
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